Unravelling Warehouse market
According to India Warehousing Market Report 2016 by Knight Frank India,warehousing space requirement will grow at a CAGR of eight per cent by 2020 in top seven markets of India.
Knight Frank India launched the second edition of its flagship India Warehousing Market Report 2016. The report unravels the present scenario of the Indian logistics sector along with providing a definitive view on the country’s top seven warehousing markets which includes Mumbai, NCR, Bengaluru, Chennai, Pune, Hyderabad and Ahmedabad. Goods and Services Tax (GST) and Make in India is set to give a thrust from the Manufacturing sector for Warehouse spaces. Along with unveiling the numerous facets of the Indian warehousing
industry and speaking about the report, Balbirsingh Khalsa, National Director - Industrial, Knight Frank India said, “The demand for warehousing is on the rise in the Manufacturing and Consumption sectors.” Dr. Samantak Das, Chief Economist & National Director- Research, Knight Frank Indiaadded, “With the total warehousing space requirement in the country’s top 7 markets expected to grow from 621 mn sq ft in 2016 to 839 mn sq ft by 2020, the warehousing sector has shown a tremendous traction in the last couple of years. Further, investment in warehousing can provide an opportunity of realising returns in the range of 10–24 per cent per annum. The renewed regulatory environment for the Indian Real Estate Investment Trust (REIT), which also covers the warehousing segment, has added to this inclination. The warehousing sector is going to experience a sea change in its structure.”